Posted by admin on Aug 18th, 2022 
Envestnet Asset Management Inc. raised its holdings in shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF – Get Rating) by 10.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 116,805 shares of the company’s stock after purchasing an additional 10,923 shares during the period. Envestnet Asset Management Inc. owned approximately 0.05% of Petco Health and Wellness worth $2,286,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. Samalin Investment Counsel LLC boosted its stake in Petco Health and Wellness by 100.0% during the 4th quarter. Samalin Investment Counsel LLC now owns 2,000 shares of the company’s stock valued at $40,000 after purchasing an additional 1,000 shares during the last quarter. Fifth Third Bancorp boosted its stake in Petco Health and Wellness by 11.3% during the 1st quarter. Fifth Third Bancorp now owns 19,593 shares of the company’s stock valued at $383,000 after purchasing an additional 1,997 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Petco Health and Wellness by 1.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 253,595 shares of the company’s stock worth $4,946,000 after buying an additional 2,428 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of Petco Health and Wellness by 12.0% in the 1st quarter. Sigma Planning Corp now owns 24,043 shares of the company’s stock worth $471,000 after buying an additional 2,570 shares during the last quarter. Finally, FourThought Financial LLC boosted its stake in shares of Petco Health and Wellness by 18.4% in the 1st quarter. FourThought Financial LLC now owns 16,533 shares of the company’s stock worth $324,000 after buying an additional 2,572 shares during the last quarter. 62.52% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Justin Tichy sold 6,500 shares of Petco Health and Wellness stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $15.74, for a total value of $102,310.00. Following the sale, the insider now directly owns 78,142 shares of the company’s stock, valued at $1,229,955.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.55% of the company’s stock.
NASDAQ:WOOF opened at $16.82 on Thursday. The company has a quick ratio of 0.36, a current ratio of 1.04 and a debt-to-equity ratio of 0.72. The business’s 50-day simple moving average is $15.23 and its two-hundred day simple moving average is $17.61. The stock has a market cap of $3.83 billion, a PE ratio of 24.74, a P/E/G ratio of 1.86 and a beta of 0.75. Petco Health and Wellness Company, Inc. has a 52 week low of $12.88 and a 52 week high of $26.21.
Petco Health and Wellness (NASDAQ:WOOF – Get Rating) last posted its quarterly earnings results on Tuesday, May 24th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Petco Health and Wellness had a return on equity of 8.93% and a net margin of 3.09%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.17 earnings per share. As a group, analysts forecast that Petco Health and Wellness Company, Inc. will post 0.82 EPS for the current fiscal year.
A number of research firms have recently issued reports on WOOF. The Goldman Sachs Group dropped their price target on Petco Health and Wellness from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Monday, June 27th. StockNews.com downgraded Petco Health and Wellness from a “buy” rating to a “hold” rating in a research note on Thursday, May 26th. Wells Fargo & Company dropped their price target on Petco Health and Wellness from $27.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, August 12th. UBS Group lowered their target price on Petco Health and Wellness to $17.00 in a research report on Wednesday, May 25th. Finally, Robert W. Baird lowered their target price on Petco Health and Wellness from $25.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 24th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.40.
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Petco Health and Wellness Company, Inc, a health and wellness company, focuses on enhancing the lives of pets, pet parents, and its Petco partners. The company provides veterinary care, grooming, training, tele-health, and Vital Care and pet health insurance services, as well as veterinary services through Vetco mobile clinics.
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